Market Cap for Black Hills (BKH)
According to Black Hills's latest reported financial statements, the company's latest reported market cap is $5.23B USD. Market capitalization is the total dollar value of all outstanding shares — shares outstanding × stock price — and the standard measure of a company's equity value. On this page, historical market cap snaps filing-period share counts to closing prices on or before each statement date (not intraday tick data).
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
BKH
Currently viewingMarket CapSwitch metric
Latest period
$5.23B
YoY change
+7.0%
5Y CAGR
+4.0%
Peak year (2026)
$5.44B
Latest annual
$5.44B
Market Cap history chart for Black Hills (BKH) from 1985 to 2026
Market Cap history table for Black Hills (BKH) from 1985 to 2026
| Fiscal year | Period ended | Reported | Market Cap | YoY |
|---|---|---|---|---|
| 2026 | $5.44B | +7.0% | ||
| 2025 | $5.08B | +24.2% | ||
| 2024 | $4.09B | +13.0% | ||
| 2023 | $3.62B | -20.8% | ||
| 2022 | $4.57B | +2.3% | ||
| 2021 | $4.47B | +16.5% | ||
| 2020 | $3.84B | -19.6% | ||
| 2019 | $4.78B | +37.0% | ||
| 2018 | $3.48B | +5.2% | ||
| 2017 | $3.31B | +1.3% | ||
| 2016 | $3.27B | +37.6% | ||
| 2015 | $2.38B | +0.3% | ||
| 2014 | $2.37B | +1.6% | ||
| 2013 | $2.33B | +45.6% | ||
| 2012 | $1.60B | +19.0% | ||
| 2011 | $1.35B | +14.8% | ||
| 2010 | $1.17B | +13.8% | ||
| 2009 | $1.03B | +0.0% | ||
| 2008 | $1.03B | -37.6% | ||
| 2007 | $1.65B | +33.1% | ||
| 2006 | $1.24B | +7.6% | ||
| 2005 | $1.15B | +14.1% | ||
| 2004 | $1.01B | +9.1% | ||
| 2003 | $925.18M | +28.8% | ||
| 2002 | $718.49M | -17.1% | ||
| 2001 | $866.28M | -13.1% | ||
| 2000 | $997.07M | +109.5% | ||
| 1999 | $475.87M | -16.8% | ||
| 1998 | $571.94M | +11.9% | ||
| 1997 | $511.01M | +25.9% | ||
| 1996 | $405.80M | +14.3% | ||
| 1995 | $354.96M | +16.2% | ||
| 1994 | $305.54M | -2.4% | ||
| 1993 | $312.97M | -16.8% | ||
| 1992 | $376.16M | +0.0% | ||
| 1991 | $376.08M | +35.0% | ||
| 1990 | $278.51M | +6.9% | ||
| 1989 | $260.57M | +12.4% | ||
| 1988 | $231.88M | +10.0% | ||
| 1987 | $210.86M | +6.9% | ||
| 1986 | $197.32M | +8.3% | ||
| 1985 | $182.27M | — |
Market Cap values are taken from Black Hills's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
Black Hills (BKH) most recent annual market cap stands at $5.44B (2026) – grew 7.0% year-over-year.
Through 2021–2026 (5 years), Black Hills market cap delivered a +4.0% annualised rate; sustaining 3 straight years of year-over-year growth.
$5.44B stands as the all-time-high annual market cap, posted in 2026, against a low of $182.27M during 1985.
Within Utilities, Black Hills (BKH) ranks 9th among 8 peers we track. The peer median for market cap is $97.46B.
Black Hills Market Cap by Year
Black Hills Market Cap 2026: $5.44B
Black Hills market cap in 2026 was $5.44B, grew 7.0% from 2025. This figure represents the highest annual value in the available history.
Black Hills Market Cap 2025: $5.08B
Black Hills market cap in 2025 was $5.08B, grew 24.2% from 2024.
Black Hills Market Cap 2024: $4.09B
Black Hills market cap in 2024 was $4.09B, grew 13.0% from 2023.
Black Hills Market Cap 2023: $3.62B
Black Hills market cap in 2023 was $3.62B, declined 20.8% below 2022.
Black Hills Market Cap 2022: $4.57B
Black Hills market cap in 2022 was $4.57B.
See more financial history for Black Hills (BKH).
Sector peers — Market Cap
Companies in the same sector as Black Hills, ranked by their latest market cap.
| Company | Market Cap | Sector |
|---|---|---|
| GE Vernova Inc. (GEV) | $292.62B | Utilities |
| NextEra Energy, Inc. (NEE) | $201.26B | Utilities |
| The Southern Company (SO) | $106.43B | Utilities |
| Duke Energy Corporation (DUK) | $99.46B | Utilities |
| Constellation Energy Corporation (CEG) | $95.47B | Utilities |
| American Electric Power Company, Inc. (AEP) | $73.70B | Utilities |
| Sempra (SRE) | $60.69B | Utilities |
| Dominion Energy, Inc. (D) | $55.28B | Utilities |
Frequently asked questions
What is Black Hills's market cap?
- Latest reported market cap for Black Hills (BKH) is $5.23B (period ending December 31, 2025).
How has Black Hills market cap changed year-over-year?
- Black Hills (BKH) market cap changed +7.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Black Hills market cap?
- Black Hills (BKH) market cap compound annual growth rate is +4.0% over the most recent 5 years available.
When did Black Hills market cap hit its highest annual value?
- Black Hills market cap reached its highest annual value of $5.44B in 2026.
What was Black Hills market cap in 2025?
- Black Hills (BKH) market cap in 2025 was $5.08B.
What was Black Hills market cap in 2026?
- Black Hills (BKH) market cap in 2026 was $5.44B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
BKH Overview
Company profile, financial tools, and key metrics
BKH Revenue Counter
Earns $73.25 every second. See per minute, hour, and day.
BKH Earnings Counter
Earns $9.25 per second net profit. See per minute, hour, and day.
BKH Economic Scale
Exceeds Lesotho's GDP. Compare with world economies.
BKH What If Invested
What if you had invested $1,000? See historical returns from any date.
BKH How It Makes Money
Discover visual breakdown of $2.31B in revenue — where it comes from and where it goes.
BKH Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
BKH Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
BKH Daily Price Character
Steady · 44.1% historical win rate (green days). Streaks & record days.
BKH Buybacks
Recent repurchase activity. Shareholder yield & SBC comparison.
BKH Stock Split History
5 splits on record. Dates, ratios, and cumulative multiple.
BKH Dividend Profile
Yield: 3.68%. Safety: 6/8. See full history.
BKH Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
BKH Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.